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An announcement from Earthworks Industries ( (TSE:EWK) ) is now available.
Earthworks Industries Inc. has clarified details of its recent private placement financing. The company successfully closed the sale of 7.52 million units, raising $376,000, which exceeded the initial target. The funds will be used for operating and working capital, and the placement included participation from four directors. The securities issued are subject to a four-month hold period in Canada and await acceptance by the TSX Venture Exchange.
More about Earthworks Industries
Average Trading Volume: 58,031
Technical Sentiment Signal: Sell
Current Market Cap: C$5.78M
Learn more about EWK stock on TipRanks’ Stock Analysis page.